There are homes that simply provide shelter. And then there are homes like this—homes that make you slow down, take a deep breath, and picture the life you've been working so hard to create. Nestled in one of Winchester's most beloved neighborhoods, this stately residence blends timeless elegance with the confidence that comes from knowing the important work has already been done. Over the past several years, the owners have invested extensively in both beauty and peace of mind, creating a home that is as practical as it is impressive. Imagine gathering friends and loved ones around the oversized island in the beautifully renovated kitchen. Quartz countertops, quality cabinetry, stainless steel appliances with gas cooking, and abundant workspace make this the kind of kitchen where holiday meals, birthday celebrations, and ordinary Tuesday dinners become lasting memories. Rich hardwood floors and updated finishes add warmth and sophistication throughout the main level, while formal and casual living spaces flow effortlessly together. Need a quiet place to work, create, or manage life's daily demands? A private office on the main level offers the flexibility today's lifestyles require. The private office is a space you'll actually look forward to spending time in, surrounded by windows that fill the room with natural light and create an inspiring setting for working from home or simply enjoying a quiet moment with a cup of coffee. Just beyond, the dramatic two-story family room serves as the heart of the home, with soaring ceilings and an open, airy feel that makes every gathering feel a little more special. Whether you're hosting a holiday celebration, cheering on your favorite team, or enjoying a cozy evening by the fire, this impressive space brings everyone together while still feeling warm and inviting. At day's end, retreat to what may become your favorite room in the house. The completely renovated primary bath is nothing short of breathtaking. With its freestanding soaking tub, frameless glass shower, elegant finishes, and designer-inspired style, it feels less like a bathroom and more like a luxury spa featured in the pages of an upscale magazine. Beyond the beauty, the major systems have been thoughtfully updated as well. The roof has been replaced and enhanced with new insulation and a solar fan. The furnace heat exchanger and blower assembly have been replaced and serviced, while the AC fan and motor have also been updated, giving future owners confidence and comfort for years to come. Most updates occurred in 2023. And then there's the walkout lower level. With 9-foot ceilings, newer luxury vinyl plank flooring, a guest room, additional office space, and an expansive recreation area, this level is ready for whatever your imagination can create. Golf simulator? Home theater? Craft studio? Fitness room? The possibilities are endless. Bright, open, and inviting, it extends directly to the concrete patio, with a portion tucked beneath the screened porch for cool shade on warm Virginia afternoons. Outside, you'll discover the kind of backyard that invites you to linger a little longer. Enjoy morning coffee or evening conversations on the screened porch with low-maintenance composite decking. The beautiful white vinyl fence creates a sense of privacy and charm, while mature landscaping provides a peaceful, park like setting just minutes from downtown Winchester, local parks, restaurants, shopping, and Winchester Medical Center. Completing the package is a spacious three-car garage and a rare financing opportunity that may be the ultimate bonus. Eligible VA buyers may have the opportunity to assume the seller's existing VA loan at an attractive 2.25% interest rate. Homes with this combination of location, updates, character, and opportunity do not come along often. The next chapter is ready to be written. All that's missing is you.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
